Does Guyana Goldfields Inc. Have Any Gas After Today’s Huge Decline?

 Does Guyana Goldfields Inc. Have Any Gas After Today's Huge Decline?

The stock of Guyana Goldfields Inc. (TSE:GUY) is a huge mover today! About 332,532 shares traded hands. Guyana Goldfields Inc. (TSE:GUY) has risen 20.70% since April 8, 2016 and is uptrending. It has outperformed by 15.72% the S&P500.
The move comes after 8 months negative chart setup for the $962.76 million company. It was reported on Nov, 14 by Barchart.com. We have $5.57 PT which if reached, will make TSE:GUY worth $77.02M less.

Guyana Goldfields Inc. (TSE:GUY) Ratings Coverage

Out of 4 analysts covering Guyana Goldfields Inc. (TSE:GUY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $12 is the highest target while $4 is the lowest. The $9.30 average target is 53.72% above today’s ($6.05) stock price. Guyana Goldfields Inc. has been the topic of 15 analyst reports since September 1, 2015 according to StockzIntelligence Inc. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, January 19 report. RBC Capital Markets maintained Guyana Goldfields Inc. (TSE:GUY) on Tuesday, January 19 with “Outperform” rating. As per Wednesday, November 25, the company rating was upgraded by TD Securities.

Another recent and important Guyana Goldfields Inc. (TSE:GUY) news was published by Marketwired.com which published an article titled: “Guyana Goldfields Inc. Announces C$110 Million Bought Deal Financing” on June 27, 2016.

Guyana Goldfields Inc. is a Canada mineral development and exploration firm primarily focused on the acquisition, exploration and development of gold deposits in Guyana, South America. The company has a market cap of $962.76 million. The Company’s Aurora Gold Mine is an operating gold mine project, which is located in Guyana. It has a 19.27 P/E ratio. The Firm owns approximately 100% interest in the Aurora Project, which has total proven and probable reserves of approximately 3.04 million ounces of gold.

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